HEC Infra Projects Ltd (HECPROJECT) — shareholding pattern, promoter holding, financials and share price
About HEC Infra Projects Ltd (HECPROJECT)
HEC Infra Projects Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as HECPROJECT and on the BSE under scrip code 532533. Its ISIN is INE558R01013.
Incorporated in 2005, HEC Infra Projects Ltd is engaged in electrification services
HEC Infra Projects Limited is an Ahmedabad-headquartered turnkey EPC contractor delivering design-to-commissioning services across transmission, substations (11–220 kV), overhead and underground lines, water pumping and treatment, solar parks, lighting/ELV, and industrial electrification, serving 50+ marquee clients in government and private sectors with a track record of 300+ projects since its origins in 1986.
Financial momentum is visible: revenues rose from ₹51.7 crore in FY23 to ₹112.1 crore in FY25, EBITDA expanded to ₹15.0 crore (13.25% margin) in FY25 and ROE/ROCE improved materially, showing HEC Infra Projects Limited’s ability to scale profitable EPC execution while maintaining improving capital returns and interest coverage since FY23.
Listed peers in Civil Construction: Sadbhav Engineering Ltd, Telge Projects Ltd, Refex Renewables & Infrastructure Ltd, Durlax Top Surface Ltd, Siddhika Coatings Ltd, Esprit Stones Ltd.
Valuation & Returns
10 Jul 2026At ₹129.37 a share on 10 Jul 2026, HEC Infra Projects Ltd (HECPROJECT) was valued at a price-to-earnings ratio of 11.15x against an industry P/E of 25.97x and a price-to-book of 2.64x on a book value of ₹49.03 per share as of Mar 2025. Solomo computes return on equity of 23.68% and return on capital employed of 23.65% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 11.15x
- Industry P/E
- 25.97x
- P/B
- 2.64x
- EPS (TTM)
- ₹11.61
- Book value / share
- ₹49.03
- ROE
- 23.68%
- ROCE
- 23.65%
- ROA
- 11.85%
- Debt / equity
- 0.71x
- Dividend yield
- 0%
- EBITDA margin
- 12.28%
- 52-week range
- ₹92.1 – ₹173.47
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, HEC Infra Projects Ltd (HECPROJECT) reported revenue of ₹176 crore, net profit of ₹13 crore and earnings per share of ₹11.63. That compares with revenue of ₹112 crore and net profit of ₹9 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹50.73 crore and net profit ₹6.1 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 44 | 52 | 74 | 112 | 176 |
| Net profit (₹ cr) | 1 | 1 | 5 | 9 | 13 |
| EPS (₹) | 0.5 | 0.78 | 4.66 | 8.53 | 11.63 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -0.37% | 23.37% | 36.86% | 51.92% |
| Profit growth | 15.38% | 76.60% | 161.91% | 95.76% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.93% of HEC Infra Projects Ltd (HECPROJECT) (unchanged from the previous quarter). Market capitalisation was ₹140 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2016.
Largest disclosed public shareholders in Jun 2026: NITIN MADHUKARBHAI PANDYA 4.2%, SUMANJU PROJECTS & SERVICES LIMITED 1.85%, MISHA ASHISH SHAH 1.78%, ASHISH NAVNITLAL SHAH 1.01%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.93% | - | - | - | - |
| Mar 2026 | 74.93% | - | - | - | - |
| Dec 2025 | 74.93% | - | - | - | - |
| Sep 2025 | 74.93% | - | - | - | - |
| Jun 2025 | 74.93% | - | - | - | - |
| Mar 2025 | 74.93% | - | - | - | - |
| Dec 2024 | 73.2% | - | - | - | - |
| Sep 2024 | 73.2% | - | - | - | - |